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Argentina´s software and IT services is a young and dynamic sector: 40% of the SMEs started operations after 2002 and 85% after 1991. In 2008, exports accounted for 28.6% of total sales and 55% of all software companies export. Leading international presence: According to The Economist's technological ranking, Argentina surpasses Mexico, Colombia and Peru and ranks 3rd in Latin America after Brazil and Chile (2009) This document was produced by ProsperAr, Argentina´s Investment Development Agency. If you need further assistance contact us at [email protected] or use our website www.prosperar.gov.ar
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Software & IT Services in ArgentinaTalent + Innovation to meet global market needs
INVESTMENT OPPORTUNITIES
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Highlights
>> A GLOBAL OPPORTUNITY In a world economy increasingly driven by technological innovation, the thriving
global software and IT services industry presents attractive opportunities to those countries with the right set of resources. Argentina has made important progress in laying the foundation for a dynamic domestic IT sector with great export potential.
>> SOLID FOUNDATION FOR SUCCESS Argentina’s educated and creative workforce, modern telecom infrastructure
and efficient public-private partnerships are the pillars for the success of the emerging local software and IT services sector.
>> COMPETITIVE GLOBAL AND LOCAL PLAYERS Key global players in the sector are increasingly choosing Argentina to locate
strategic operations. Domestic companies are also expanding their product and service offering as well as moving up the value chain by defining a clear value proposition.
>> A DYNAMIC LOCAL INDUSTRY WITH REMARKABLE GROWTH In the last five years, Argentina’s software and IT services sector has improved
remarkably its performance in terms of production, exports and employment. Among the most dynamic sectors in the Argentine economy, the number of software and IT services firms doubled in the last six years becoming the sector with the largest number of companies created.
>> ATTRACTIVE AND PROFITABLE SEGMENTS Software developments in security, agribusiness, oil and gas control
applications, education and entertainment, business applications, and cryptography and data protection are some of the segments where local capabilities, research efforts and competitive advantages stand out, offering profitable opportunities for investors.
>> CLOSE PUBLIC & PRIVATE COLLABORATION Active cooperation between public and private entities resulted in the Software
Promotion Law and the �004-14 Software and IT Strategic Plan in Argentina. The law ensures 10-year tax stability and income tax deduction for R&D activities, among other benefits.
4
I. Why Invest in Software & IT Services in Argentina?
• A COMPETITIVE MARKET. Key global players as
well as small and medium local companies are
steadily expanding their operations in Argentina and
developing new products and services. Google, IBM,
Intel, Microsoft, NEC, Oracle and Sabre Holdings
have already established operations in the country. At
the same time, around 1,500 local firms are already
active in the market and increasingly involved in more
sophisticated activities.
• INCREASINGLY GLOBAL. Software companies
providing offshore outsourcing no longer rely only
on low labor costs, but are increasingly moving up
the value chain by defining a clear value proposition
and adapting their business model to compete with
frontline companies. Argentina has the right IT talent,
research and development capabilities and efficient
public-private partnerships to become a relevant player
in the regional and, indeed, the world scene.
• MAIN CHALLENGES. The remarkable performance
of software and IT services firms presents the sector
with important challenges. Main challenges include:
increasing the availability of sector-specific talent and
financing vehicles; facilitating the internationalization
of local companies; preserving the dynamism and
entrepreneurial spirit of firms; and identifying and
focusing on higher value-added opportunities within
the sector.
• A THRIVING GLOBAL SECTOR. A key sector in the
global economy, technology represented a US$1.6
trillion business in 2007 and is expected to steadily
grow in importance. The main components are IT
services (US$470 billion), hardware (US$460 billion),
business process outsourcing (BPO) (US$420 billion),
and software (US$230 billion). The software and IT
services sector has an associated R&D and engineering
market of US$780 billion.
• OFFSHORING AND MULTISOURCING AS MAIN
TRENDS. Companies’ offshoring practices combined
with the growing trend towards IT multisourcing
strategies has created attractive opportunities
for a number of countries aspiring to consolidate
their position as IT services and product providers.
Argentina is already benefiting from this opportunity.
• OUTSTANDING PERFORMANCE. In Argentina, the
software and IT services industry is growing at a much
faster rate than the economy as a whole. This dynamic
sector has shown an outstanding performance, with
annual growth rates of 20% in sales and 24% in
exports since 2002. This industry offers a high-value
opportunity to help grow the Argentine economy, as it
is a key driver of productivity throughout the economy.
�
II. Sector Structure and Performance
INDUSTRY STRUCTURE
Global and domestic companies. Players in the local
software and IT services industry include multinational
firms as well as an increasingly greater and active
network of small and medium enterprises (SMEs). More
than 1,500 firms, accounting for 51,000 jobs (62% of
them higher education graduates), shape an increasingly
competitive market.
Going international. Leading international firms
such as IBM, NEC and Siemens have a long-standing
presence in the country. Other firms such as Google,
Intel, Motorola and Sabre Holdings are the vanguard
of the new wave of arrivals. In addition, local SMEs are
expanding their activities and entering new markets with
specifically designed solutions. An internationalization
process is already in motion, with almost 100 firms’
offices abroad and 15,000 workers serving offshore
markets. In fact, 6.7% of domestic firms have at least one
branch abroad, and this portion is growing steadily.
Countrywide opportunities. Different cities
throughout Argentina stand out as interesting location
choices for software and IT services companies. In
fact, Argentina is endowed with several technological
hubs and IT clusters operating in many cities along the
country. In this locations, leading multinational firms,
domestic SMEs and universities work hand in hand
achieving synergies and increasing competitiveness.
Buenos Aires currently concentrates 49% of total
firms. In particular, the “Polo IT Buenos Aires”
comprises more than 80 domestic SMEs, 46% of which
export to 15 different countries. The cluster “Córdoba
Technology” groups 100 firms. One of the pillars of
Córdoba’s economic activity is the dense presence of
universities, especially the National Technological
University (UTN). Domestic firms in the area are
mostly young and share the location with big global
firms. Microsoft and IBM have labs and training
centers. Small firms can enjoy different advantages
and promotional initiatives, while international firms
are entitled to receive subsidies if they locate in the
province. Current beneficiaries include Motorola, EDS
and Intel. In the city of Rosario, more than 60 firms
employ over 1,500 professionals and technicians, under
the umbrella of the National Promotion Law. Yet, another
of Argentina’s technology hubs, the “Polo Tecnológico
Rosario” comprises another 30 firms (54% devoted to
electronics and 46% to software) and is a landmark
for entrepreneurship, with 83% of the firms being
founded by university graduates. In Mendoza, more
than 200 firms compose the IT sector whose interests
are wide and include agribusiness, oil control systems
and gas. Other initiatives include technology hubs in
Tandil, Mar del Plata, Santa Fe and Gualeguaychú.
�
SECTOR PERFORMANCE
Rocketing production, exports and employment reflect
the software and IT services industry’s performance
in Argentina.
Rising sales and exports. Sales experienced a
compound annual growth rate of 19.6% in 2002-2007
and exports for 2008 are projected to reach a value seven
times greater than the beginning of the decade.
Exports currently represent 20% of the sector’s total
production and 30.6% in the case of SMEs. Almost two
thirds of the exporting SMEs are regular exporters.
The main export destinations are Mercosur (23.1%),
U.S. and Canada (21.4%), and the E.U. (19.1%, with Spain
concentrating 12%).
Employment and startups. This extraordinary
performance has caused employment in the sector to
double in four years, growing at a compound annual rate
of 23.5% since 2002. The hiring of skilled labor increased
30% in the last three years, reaching 32,000 jobs in
2007. Moreover, the sector is today the most important
industry in terms of firms’ creation: the number of firms
doubled in the last six years. Over 38% of local SMEs
were created after 2002.
INDUSTRY SEGMENTS
Investment opportunities. Several highly innovative
segments are being developed locally with specific
solutions and applications for a wide range of needs.
These include agribusiness; health and medicine; oil and
gas; industrial automation; educational (e-learning) and
entertainment software; banking and financial services;
business applications; quality assurance; website
development and interactive marketing; videogames;
security, cryptography and data protection; mobile
technology and software factory, among others. A
booming international Spanish-speaking market offers
Argentina great opportunities for software and IT
services developed in Spanish. Specific applications in
the educational and videogames niches promise to propel
the country as the leader in Latin America and the rest of
the Spanish-speaking community.
Relevant players. An important number of firms
stand out as relevant players in their specific applications.
Axoft, Neoris, Neuralsoft, Sistran, T-Systems, among
many others, are becoming increasingly important in
the business applications. Cubika, Consist, and Neoris
are prominent in e-learning, while the last two are firms
producing security applications, as well. In the case of
videogames, Digital Builders, Gameloft, Immune Games
stand out. Numerous companies are devoted to software
factory and to tailored solutions. The provision of
training services is becoming a widely spread activity.
INVESTMENT
Growing investment. Increasingly sophisticated
activities are being conducted in Argentina, and R&D
projects and centers are being established across the
country in the technological hubs and IT clusters. Not
only new firms are entering the market, but also domestic
and long-standing companies are increasing their
investments in Argentina. More than 83% of the SMEs
declared to have invested in new activities in 2007, with
an investment to sales ratio of 10.5%. Over 70% of the
funding for new projects comes from reinvested utilities.
Great expectations. Regarding expectations,
almost 82% of software and IT services firms believe
that their sales will increase in the foreseeable future
Sales Growth (in US$ millions)
Exports Growth (in US$ millions)
Source: Cessi
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Source: Cessi
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CASE STUDY
Sabre Holdings: a leading global company expanding their strategic operations in Argentina
Sabre Holdings is a U.S. based company devoted to the
development of software for the tourism industry, which
has operated in Argentina since 1990. According to
the company, several factors made Argentina an ideal
country for the location of one of its subsidiaries: its
economic attractiveness, the potential of its tourism
industry, and above all, the high quality of its human
resources in terms of both, their technical knowledge
and talent, and their ability to adapt to working in
multicultural teams. In addition, Argentina’s time zone is
seen as an advantage for such a global business, given
the fact that it allows for real-time communication with
Europe and the U.S.
Currently, all three of Sabre Holdings´ business units
operate in Argentina: Sabre Travel Network, Airline
Solutions, and Travelocity. Through its Global Distribution
System, Sabre Travel Network connects the most
important travel agencies with information on airlines,
hotels, car rentals, cruise ships, trains, and tourist
distributors, as well as with a wide range of products
and services that optimize travel agencies’ operations.
Recently, Sabre Holdings launched a new website,
Travelocity.com.ar, an online travel agency that offers an
online booking and purchase service. This is the second
home-based website launched in Latin America.
Sabre s Global Development Center in Buenos Aires
is the third the company has established worldwide,
after their centers in India and Poland. From Argentina,
the company develops systems and applications that
are used in all of Sabre s business units at the global
level. For instance, some of the developed software
has been used for European trains, hotels worldwide,
and airline businesses. Moreover the majority of the
teams working in Argentina depend on groups located
abroad, which value diversity as an instrument that
highly improves the quality of the products offered by
the company. These reasons have made the Buenos
Aires Software Development Center a model for Sabre s
units worldwide. Since Sabre s business success is based
on the use of cutting edge technologies, the company
offers high quality training programs in-house. Their
Passport Program offers training and internships on
java development to young engineering students.
In the near future, Sabre expects to further expand its
business in Argentina, a clear sign of the results obtained
thus far. With ��0 employees Sabre is looking to fill �0
new open positions thus significantly expanding their
current local capacity.
(14% believe that they will maintain the same level)
and 72% believe that the employment in the sector will
be higher in the near future. This optimistic view on
the sector’s perspectives motivated the engagement
of 72% of the SMEs in research activities (55% of the
companies operating in the country are indeed involved
in experimental development). These figures rise to 84%
and 65% if we consider the firms already benefiting from
the promotional software regime.
PERSPECTIVES
Expansion goals. Partnership between private and
public institutions was the foundation on which a
consensus was formed about ambitious—but achievable—
goals for the industry. It is expected that Argentina will
double its software and IT services sales and export
levels by 2011, increasing employment by almost 50%
in the sector. Along the same line, it is projected that
the country will be able to obtain 1.5% of the thriving
global offshore market for IT and service exports in the
next years (estimated at US$200 billion by 2016). This
achievement will represent a US$3 billion opportunity
for Argentina, leading to a market ranging between
US$6 billion and US$8 billion and 100,000 highly
qualified job positions in the sector by 2016.
Source: Cessi
-
1,000
�,000
�,000
4,000
�,000
�,000
�,000
8,000
�00� �011 �01�
Sales
Exports
Projected Sales and Exports (In US$ millions)
8
III. Foundation for Success
Innovation, growth, quality, human resources, identity,
and R&D are just a few of the characteristics that
highlight the Argentine software and IT industry.
LOCAL SKILLS AND TALENT
Highly skilled professionals. Argentina’s
educational level is similar to that found in developed
countries and is well above the educational standards of
other Latin American countries. Specifically, Argentina
is endowed with a pool of highly skilled professionals
specialized in technology and informatics, with socio-
economic and cultural backgrounds similar to those in
industrial economies.
Brainpower. Argentina’s educational system offers 243
IT degrees, of which 117 are at the technical or junior
college level and the other 126 are at the engineering
level. With almost 70,000 students enrolled at university
in informatics, the number of new enrollments
every year is slightly over 15,000 (5% of total new
enrollments). The number of IT students has been
growing steadily since the early 1990s. Currently, the
government is implementing a set of programs to keep
up with the surging demand for qualified labor in the
sector. The official language in Argentina is Spanish.
However, the English language is widely used and
Argentine students’ scores rank among the best in the
region on English tests, English being the most common
second language.
EDUCATION: Attraction of the brightest minds
Several programs have been launched to draw young
students into higher education programs in IT. The
objective is to keep up with the rising demand of
qualified human resources in the sector.
InverTI en Vos: InverTI en Vos: By disseminating
information about the IT sector, this initiative
encourages young Argentines to engage in IT programs
in universities across the country and therefore increase
the supply of qualified labor in IT activities.
Generación IT: A public-private initiative that attempts
to draw students into university programs linked to
the computer sciences and the IT sector in general
by educating young students on the diversity of IT
programs available.
Program 500 X 500: A scholarship that consists of a
monthly stipend for the best �00 high-school students
in the province of Córdoba to pursue IT careers at the
university level.
Scholarships for university degrees: Launched in
mid-�008, the program consists of a joint initiative of
the Ministry of Education and the Ministry of Science,
Technology and Innovation to promote the enrollment in
university careers related to informatics and software.
The plan contemplates granting increasing scholarships
(up to US$4,000 a year) to �,�00 students enrolled in
National Universities. This monetary benefit is for a
maximum of five years and will be complemented with
access to the scientific and technological system via
research internships and teaching positions.
Employment Growth
Source: Cessi
�00� �00� �004 �00� �00� �00� �008E-
10,000
�0,000
�0,000
40,000
�0,000
�0,000
14,�00
19,�00
��,�00
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4�,�8�
�1,�9�
9
TECHNOLOGICAL INFRASTRUCTURE
Wired. The highly competitive cost structure
for the sector is not the only factor drawing
newcomers. Argentina has a modern and extensive
telecommunications network and high-speed
connectivity in continuous expansion. The
country benefits from advanced and competitive
telecommunications in a deregulated market. Large
capital investments have resulted in digital networks
with national and international connectivity. Fixed-line
and mobile density (105 subscribers per 100 inhabitants)
is the highest in Latin America and Internet penetration
is increasing rapidly, outpacing the region’s average.
INDUSTRY NETWORKING
Collaborative efforts. A unique and extensive
interaction between firms in the software and IT services
sector led to the creation of an active chamber (CESSI
Argentina) that gathers more than 350 companies and
institutions, representing 80% of sales and over 85%
of employment. The Chamber of Software Companies
(CES) was founded in 1982, becoming the first business
association in the country representing the IT sector.
In 1990, CES merged with another organization, the
Chamber of Computer Services Companies (CAESCO),
creating CESSI Argentina.
Public-private cooperation. Active cooperation
and partnership between public and private entities
resulted in the Software Promotion Law and the 2004-
2014 Software and IT Strategic Plan. At the same
time, the sector’s chamber, CESSI, has promoted the
creation of three support programs for the industry:
FinanTIC, a program committed to the creation
and implementation of financial instruments for
boosting the industry; EmpreTIC, an Information
Technology Entrepreneurship Centre which helps IT
entrepreneurs to consolidate and grow their business;
and ExporTIC, a program conceived to increase IT
argentine exports and encourage internationalization.
These are some of the valuable instruments already
in place which resulted from successful collaboration
among the software and IT firms and, indeed,
between the sector and their public counterparts.
10
tax rates. In addition, the Software Promotion Law (Law
25,922) created a new set of fiscal incentives for firms that
develop software. At the moment, almost 400 firms have
requested to become part of the promotional regime. The
promotion law also set up FONSOFT, a public program
intended to finance research, training and exports. At
the same time, awards intended for professionals and
institutions that make contributions to the country’s
IT industry were established (such as the prestigious
Sadosky Awards).
IV. Policy Initiatives
BUSINESS PROMOTION
Government backing. The government has actively
stimulated the development of the software and IT
services industry in Argentina. A number of well-defined
programs and initiatives were put in place and are
being implemented parallel with the sector’s increased
competitiveness.
Incentives. The same fiscal benefits, credit and other
incentives, like those available to any other industrial
activity, are extended to software development. One of the
benefits of this status for the sector was lower turnover
FONSOFT: The public fund for R&D in the software and IT services industry
FONSOFT is a fiduciary fund managed by the
National Agency of Scientific and Technological
Promotion created to foster domestic software
production. FONSOFT was created after the
Software Promotion Law in �004 and is funded
through the federal budget, which in �00� was
US$�.�� million. The fund works to support the
creation, design, development, production and
implementation of software. FONSOFT finances
activities via credits and subsidies and it allocates
its funds using both public bids and permanent
window initiatives. The fund promotes different
activities including: R&D projects, professional
training, quality improvements and assistance to
set up new endeavors. Non-refundable subsidies
for up to US$�00,000 to cover up to �0% of total
project costs will be awarded to the companies
selected in the current call for proposals.
In addition to FONSOFT, the National Agency of
Scientific and Technological Promotion supported
more than �80 research and development projects
with US$�0 million in grants in the ICT area
between �00� and �00� through the Argentine
Technology Fund (FONTAR).
At the same time, the Fund for Scientific and
Technological Research (FONCYT) allocated US$�
million for more than �0 projects in the ICT services
area alone between 1998 and �00�. The number
of projects presented in ICT services exhibited the
fastest growth rate of all of the participating areas.
11
NEW INITIATIVES
Human resources. Responding to the increasing
demand for highly qualified human resources, as of
2006 several programs were put in place to draw young
students into IT careers. In this last stage, the government
and the universities continue to work hand in hand to
increase the number of IT graduates at all levels, under
the framework of the “National Plan for the Support of IT
Teaching Activities”.
Active policies. The public sector is highly active
and constantly developing new funding and promotion
opportunities for the industry. Until now, the public
sector provided around 4% of the funds for new
investment projects. Recently, the SMEs authority
(SEPyME) started a program that is intended to support
the sector with subsidies and credit facilities. In a short
period of time ProsperAr plans to financially support
investment in this strategic sector through a venture
capital initiative.
1�
V. Main Challenges
Industry players and government agencies face key
challenges to sustain growth and consolidate the sector’s
competitiveness. In themselves, these challenges present
attractive opportunities for the industry and Argentina.
• Increase the availability of industry specific
human resources: this growing industry will
require an increasing number of qualified professionals
to satisfy the demand for talent. A concerted and joint
effort between the public and private sector has to be
made to increase the supply of graduates and educated
professionals to keep up with the growing demand of
resources.
• Maintain the balance between established and
new firms: while competition for resources might
result in the dominance of leading international firms,
a balanced growth would encourage the continuous
formation of new, innovative, entrepreneurial firms.
• Progress towards higher value added
activities: identify and move towards higher value-
added segments in which Argentina can compete
successfully. A successful shift will require an industry-
wide vision to identify the resources and business
models needed to conquer those segments.
• Increase the availability of specific financing
solutions: there is a particular need for the
development of a significant venture capital industry to
support the growing IT sector. Venture capital funds
are an adequate vehicle through which the public and
private sectors can channel financial and management
assistance to high tech startups.
• Continue to facilitate the
internationalization of firms: Continue to
facilitate the internationalization of firms: the public
sector has ratified the importance of assisting firms in
their grow process in the international marketplace.
An effort is being made to reduce the barriers that
SMEs face when they try to improve their export
performance.
OUR CHALLENGES ARE YOUR OPPORTUNITIES.
SOURCES: The trends, data and figures included in this material were elaborated by ProsperAr based on information provided by: National Institute of Statistics and Census; Information Technology Industry Monitor (OPPSI); Software & IT Services Chamber of Com-merce (CESSI), “Situación y Perspectivas de las Pyme del Sector del Software y Servicios Informáticos en la Argentina”, �008; National Observatory for Science, Technology and Innovation, Strategic Plan, �00�; Fund for Scientific and Technological Research (FONCyT) and Argentine Technology Fund (FONTAR) (as of August �1, �008).
1�
The information provided through this brochure does not in any way constitute legal or professional advice. ProsperAr (Agencia Nacional de Desarrollo de Inversiones) reserves the right to revise, amend, alter or delete the information provided herein at any time and in no way be held responsible or liable in respect of any such revisions, amendments, alterations or deletions.Photos: courtesy of Globant, Stock Exchange and Flickr under Creative Commons license.
14
Argentina at a glance
Country profile
Official name República Argentina
Capital city Buenos Aires
Main cities Córdoba, La Plata, Mar del Plata, Mendoza, Rosario
Surface area �.� million square kilometers
Population 40.� million inhabitants
Population growth 1.0% per year
Adult literacy rate 98%
Life expectancy at birth �� years
GDP per capita (PPP) US$ 14,41�
Currency Argentine peso ($)
Form of government Federal Presidential Republic
Political division �� autonomous provinces and the Autonomous City of Buenos Aires
Time zone GMT-0�:00
Official language Spanish
�00� �004 �00� �00� �00� �008
GDP growth rate (annual %) 8.8% 9.0% 9.�% 8.�% 8.�% �.0%
GDP (PPP) (millions of US$) ���,�99 ���,041 419,��8 4�9,��0 ��4,140 ���,8�0
GDP (millions of US$) 1�8,0�8 1��,1�8 181,9�� �1�,8�8 ��0,�8� ��8,�0�
Exports of goods and services (millions of US$) �4,4�9 �9,8�4 4�,0�4 �4,�4� ��,088 8�,�08
Imports of goods and services (millions of US$) 18,8�� ��,9�0 �4,9�9 41,1�0 ��,��� ��,49�
Balance of trade of goods and services (millions of US$) 1�,�1� 11,9�4 1�,08� 1�,4�� 1�,��� 1�,11�
Trade surplus (% of GDP) 1�.�% �.8% �.�% �.�% 4.9% 4.�%
Current account surplus (% of GDP) �.4% �.1% �.9% �.�% �.�% �.�%
Primary fiscal surplus (% of GDP) �.�% �.9% �.�% �.�% �.�% �.1%
Gross capital formation (% of GDP, constant prices) 14.�% 1�.�% 19.8% �1.�% ��.�% ��.0%
Gross national savings (% of GDP, current prices) 19.�% �0.�% ��.�% ��.4% ��.�% ��.�%E
Foreign direct investment (millions of US$) 1,��� 4,1�� �,��� �,��� �,4�� �,9�9
Exchange rate ($/US$) �.9� �.94 �.9� �.0� �.1� �.1�
Foreign reserves (millions of US$) 14,119 19,�4� �8,0�� ��,0�� 4�,1�� 4�,�8�
Unemployment rate (% of EAP) 1�.�% 1�.�% 11.�% 10.�% 8.�% �.9%
Source: ProsperAr based on data provided by the Argentine National Institute of Statistics and Census, the Central Bank’s Market Expectations Survey (REM), the International Monetary Fund and the United Nations Conference on Trade and Development (as of April �0, �009).
Main Economic Indicators
1�
ProsperAr is Argentina’s National Investment Development Agency
Our mission is to develop direct foreign and domestic investment to contribute to Argentina’s competitiveness and sustainable development.
ProsperAr’s four main objectives are:
Provide services to investors ProsperAr provides investors with personalized professional services throughout the investment
process, from initial advisory services to investment facilitation and aftercare. The Agency’s team
assesses on investment projects, responds to queries from investors and provides key business
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ProsperAr’s integral services offer investors a unified one-stop support system.
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We identify investment and innovation opportunities in high growth sectors, communicating
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local, regional and global opportunities. We also encourage domestic firms to expand and develop their
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multinational companies, as well as potential investors, identifying and removing possible obstacles to
doing business in Argentina. Through active dialogue with the private sector, and in coordination with
other government departments, we advocate for the formulation of policies and programs to optimize
the investment and innovation environment.
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for innovation and entrepreneurship and promoting overall competitiveness are key aspects of
the Agency’s strategy. Two programs “Entreprenuer Development” and “Pioneers” are in place to
strengthen local companies’ critical capacities in different growth phases. ProsperAr also assists
international companies to invest in and/or work with their local counterparts to form global joint
ventures.
ProsperAr is your strategic partner to invest and prosper in Argentina.
What ProsperAr can do for you:
>> Provide timely and relevant information on business sectors and geographical locations in Argentina.
>> Help identify investment and innovation opportunities in strategic sectors.>> Troubleshoot red tape and obstacles; facilitate the investment process and doing
business in Argentina.>> Assist in building partnerships between foreign investors and local companies.
To learn more about how investing in Argentina’s SOFTWARE & IT SERVICES can benefit you, please contact us:
[email protected]+54-11-4328-9510